For Sale: Thorp MLS# 7127607
Active
NEW!
$1,300,000
Multi-family: Fourplex
Built 1992
6,246 sqft • 1.6 acres
Thorp schools
MLS# 7127607
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Property Description
Exceptional Four-Unit Condominium Investment Opportunity | Thorp, Wisconsin
Discover a truly unique investment opportunity with this beautifully maintained four-unit condominium property situated on approximately 1.6 acres in a peaceful, park-like setting in Thorp, Wisconsin. With numerous improvements, exceptional accessibility, and multiple potential uses, this property is ideal for investors, healthcare providers, or those seeking a private family compound.
Three units offer 2 bedrooms and 1 full bath, while the fourth unit features 1 bedroom and 2 full baths. Every unit includes a four-season porch, attached 484-square-foot two-car garage, and in-unit washer and dryer, providing residents with comfort, convenience, and independent living.
The spacious end units each offer 1, 167 square feet, while the two center units each provide 1, 132 square feet of thoughtfully designed living space. Best of all, there are no steps inside or outside the property, making the entire development wheelchair accessible.
Residents can gather in the impressive 1, 640-square-foot common area, featuring in-floor heat and ample space for social activities, meetings, or community events. Just outside, a large paved patio overlooks beautifully landscaped grounds, while a picturesque stream winds through the back of the property, creating a peaceful setting rarely found in an investment property. An additional detached common garage provides valuable storage or maintenance space.
Whether you’re looking to create a:
? Family compound or multi-generational living community
? Vacation rental destination
? Long-term rental investment
? Assisted living, senior housing, adult family home, or other healthcare-related use (subject to buyer verification and local approvals)
? Corporate or workforce housing
this versatile property offers outstanding potential.
Property Highlights
• Building is a free span structure making it easy to remove any interior walls
? Four condominium units
? Three 2-bedroom, 1-bath units
? One 1-bedroom, 2-bath unit
? End units: 1, 167 SF each
? Center units: 1, 132 SF each
? Attached 484 SF two-car garage for every unit
? Four-season porch in every residence
? Washer and dryer included in each unit
? Completely wheelchair accessible with no interior or exterior steps
? 1, 640 SF heated common area with
• In-floor heat
• Wall AC units
• Full bath with walk-in shower
• Full kitchen
? Large paved community patio
? Detached common garage
? 1.6-acre setting with a beautiful stream along the rear of the property
? Numerous improvements throughout
This is an exceptional opportunity to own a one-of-a-kind property that combines residential comfort, accessibility, natural beauty, and outstanding investment flexibility.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,300,000
Price per sq ft:
$208
Property Type:
Multi-family
City:
Thorp
Garage Spaces:
9
County:
Clark
Year Built:
1992
State:
WI
Property Style:
Fourplex
Zip Code:
54771
Subdivision Name:
Lindquist Add
Interior
Bedrooms:
0
Bathrooms:
0
Finished Area:
6,246 ft2
Living Area:
6,246 ft2
Refrigerators:
Five
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
9
Garage Dimensions:
22x22
Garage Size:
484 ft2
Foundation Size:
6,246 ft2
Handicap Accessible:
Doors 36"+, Fully Wheelchair, Hallways 42"+, No Stairs External, No Stairs Internal, Roll-In Shower, Roll Under Accessibility
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Garage Door Opener
Shared Amenities:
- Lobby Entrance
- Patio
- Porch
- Security Building
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
Y
Waterfront:
Creek/Stream
Lot & Land
Acres:
1.6
Geolocation:
44.957362, -90.804709
Lot Dimensions:
233X60X194X181
Addl Parcels:
2860907307, 2860907309, 2860907311
Zoning:
Residential-Multi-Family
Schools
School District:
5726
District Phone:
7156695401
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,700
Annual Fuel Expense:
$202
Annual Insurance Expense:
$3,229
Annual Maintenance Expense:
$600
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$622
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,141
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,141
Income
Annual Gross Income:
$8,640
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of DeGraw Investments LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.